Nick Setyan

Wedbush reiterated its Outperform rating on Denny's Corporation (NASDAQ: DENN) after the restaurant chain provided a solid guidance in a tough operating environment. Denny’s, which reported in-line quarterly EPS of $0.13, expects 2017 adj. EBITDA of $101 million–$103 million (vs. $...

Following an advisor call on Buffalo Wild Wings (NASDAQ: BWLD) Monday, Wedbush’s Nick Setyan mentioned that there was a feeling that the company’s “value proposition has been lost, particularly on value days.” Setyan continued, "While BWLD’s quality is much better...

Restaurant brands began bidding to acquire Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI) Monday, according to Reuters sources, and one analyst thinks the deal could be expensive. Wedbush analyst Nick Setyan told Benzinga he believes Popeyes is fairly valued, and because the stock has recently done...

Wedbush maintained its Neutral rating on Buffalo Wild Wings (NASDAQ: BWLD) after the company’s disappointing fourth quarter results and said risks exist to the restaurant operator’s 2017 outlook. EPS of $0.87 was well below $1.27 consensus. -4.0 percent same-store sales growth...

Shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) might finally be recovering from a long case of food poisoning, according to analysts at Wedbush. The casual dining chain’s earnings report on Thursday was grim in many respects: fourth-quarter earnings in 2016 were $16 million, a number that...

Wedbush expressed confidence in Starbucks Corporation (NASDAQ: SBUX)’s 2017 outlook despite the coffee giant reporting sluggish domestic comps for its latest quarter. Starbucks reported quarterly adj. EPS of $0.52 in line with consensus. But, it reported comp growth of 3 percent, lower than 3...

Restaurant companies are set to report their fourth-quarter financial results in challenging industry conditions dominated by tough competition and continued weakness in Texas, which in turn are weighing on same-store sales. Favorites Wedbush said it continues to favor Jack in the Box Inc. (...

Starbucks Corporation (NASDAQ: SBUX) could generate “consistent mid-to-high teens annual EPS growth,” given expectations of Americas comp momentum, accelerating China and Asia Pacific Region unit growth, a successful Europe, the Middle East and Africa turnaround and multiple consumer...

Offering its insights into the prospects of the restaurant sector in 2017, Wedbush said in a note on Thursday that the current valuation expansion (13 percent gain since November 8 versus 13 percent gain for the S&P 500) was driven by expectations of potentially lower taxes, lower labor...

“Given our expectation for muted SSS growth trends and a declining marginal benefit from ongoing cost initiatives, we believe risk to stubbornly high consensus estimates remains,” Wedbush’s Nick Setyan said while downgrading the rating on BJ's Restaurants, Inc. (NASDAQ: BJRI)...

Buffalo Wild Wings (NASDAQ: BWLD) may report disappointing Q4 same-store sales growth, and the company’s deteriorating fundamentals are “difficult to ignore,” Wedbush’s Nick Setyan said in a report. He downgraded the rating on the company from Outperform to Neutral, while...

Chipotle Mexican Grill, Inc. (NYSE: CMG) shares did not see a post-election “bounce,” rising only 1 percent since November 8 as compared to the 14 percent appreciation among its fast casual peers and a 13 percent increase in the overall publicly traded restaurants space. Wedbush’s...

Wedbush’s Nick Setyan believes Chipotle Mexican Grill, Inc. (NYSE: CMG)'s access to favorable real estate has been “the envy of the category precipitating a virtuous cycle of increasing brand equity, higher volumes and an increasing volume gap relative to competition.” However,...

Wedbush’s Nick Setyan expects Starbucks Corporation (NASDAQ: SBUX)'s comp momentum in the Americas, acceleration in CAP unit growth, successful turnaround in the EMEA and multiple opportunities in CPG and emerging markets to drive consistent annual EPS growth in the mid to high teens. Setyan...